TestPlant acquisition wins European Deal of the Year Award
- Posted by JB Brockman
- On December 9, 2013
- 0 Comments
Facilita purchase recognised by Acquisition International Magazine
London, UK – December 2, 2013 – TestPlant, the maker of the eggPlant range of software quality tools, today announced that its recent acquisition of Facilita Software Development has been awarded TMT Deal of the Year – Europe by Acquisition International Magazine.
In April 2013, TestPlant acquired long-term target Facilita – one of the UK’s most successful and credible software testing technology companies. The company’s lead product was a perfect match for the eggPlant product range and was already widely used across the public sector and in large enterprises to performance test applications, servers, websites and IT infrastructures of all sizes and complexity.
“We are delighted that the significance of the Facilita deal has been recognized by Acquisition International with this award,” said George Mackintosh, CEO of TestPlant. “The integration of Facilita’s technology into our product range has given a new dimension to our offering and eggPlant Performance has become a key element of the TestPlant proposition to our enterprise customers.”
The value of the acquisition to TestPlant can already be measured in the company’s financial performance.
“TestPlant had delivered a 70%+ CAGR over the past four years,” added Mackintosh. “The acquisition of Facilita will improve that performance and we’re delighted to report that line of product business that was formerly Facilita has very considerably exceeded expectations. The blend of products has raised our average order value and improved the ‘wallet-share’ of enterprise test spending won by TestPlant. And we now have a great additional group of people in our Manchester development center.”
An in-depth interview with George Mackintosh about the Facilita acquisition can be read online here.
Picture: Chris Verdin (CFO) and George Mackintosh (CEO)
Tel: +44 772 497 4255